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Note 20 - Revision of Previously Issued Consolidated Financial Statements (Tables) | 12 Months Ended
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Apr. 30, 2021
Notes Tables |
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] |
|  | Fiscal Years Ended April 30, |
|  |  |  |  |  | 2020 |  |  |  |  |  |  |  |  |  |  | 2019 |  |  |  |  |
($ in thousands, except per share amounts) |  | Originally Reported |  |  | Adjustment |  |  | Corrected |  |  | Originally Reported |  |  | Adjustment |  |  | Corrected |
Consolidated Balance Sheets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  | $ | 29,204 |  |  | $ | (29,204 | ) |  | $ | - |  |  | $ | 21,828 |  |  | $ | (21,828 | ) |  | $ | - |
Equity securities |  | $ | - |  |  | $ | 14,125 |  |  | $ | 14,125 |  |  | $ | - |  |  | $ | 10,622 |  |  | $ | 10,622 |
Available-for-sale Fixed Income Securities |  | $ | - |  |  | $ | 15,079 |  |  | $ | 15,079 |  |  | $ | - |  |  | $ | 11,206 |  |  | $ | 11,206 |
Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 56,450 |  |  | $ | 924 |  |  | $ | 57,374 |  |  | $ | 48,598 |  |  | $ | 1,644 |  |  | $ | 50,242 |
Accumulated Other Comprehensive Income, net of tax |  | $ | 1,055 |  |  | $ | (924 | ) |  | $ | 131 |  |  | $ | 1,678 |  |  | $ | (1,644 | ) |  | $ | 34 |
Total shareholders' equity |  | $ | 53,539 |  |  | $ | - |  |  | $ | 53,539 |  |  | $ | 47,524 |  |  | $ | - |  |  | $ | 47,524 |
Consolidated Statements of Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income/(loss) from securities transactions, net |  | $ | 44 |  |  | $ | (833 | ) |  | $ | (789 | ) |  | $ | 504 |  |  | $ | 1,087 |  |  | $ | 1,591 |
Income before income taxes |  | $ | 21,484 |  |  | $ | (833 | ) |  | $ | 20,651 |  |  | $ | 15,226 |  |  | $ | 1,087 |  |  | $ | 16,313 |
Income tax provision |  | $ | 5,821 |  |  | $ | (113 | ) |  | $ | 5,708 |  |  | $ | 4,076 |  |  | $ | 228 |  |  | $ | 4,304 |
Net income |  | $ | 15,663 |  |  | $ | (720 | ) |  | $ | 14,943 |  |  | $ | 11,150 |  |  | $ | 859 |  |  | $ | 12,009 |
Earnings per share |  | $ | 1.62 |  |  | $ | (0.07 | ) |  | $ | 1.55 |  |  | $ | 1.15 |  |  | $ | 0.09 |  |  | $ | 1.24 |
Consolidated Statements of Comprehensive Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,663 |  |  | $ | (720 | ) |  | $ | 14,943 |  |  | $ | 11,150 |  |  | $ | 859 |  |  | $ | 12,009 |
Change in unrealized gains on securities, net of taxes |  | $ | (623 | ) |  | $ | 720 |  |  | $ | 97 |  |  | $ | 895 |  |  | $ | (859 | ) |  | $ | 36 |
Other comprehensive income/(loss) |  | $ | (623 | ) |  | $ | 720 |  |  | $ | 97 |  |  | $ | 895 |  |  | $ | (859 | ) |  | $ | 36 |
Comprehensive income |  | $ | 15,040 |  |  | $ | - |  |  | $ | 15,040 |  |  | $ | 12,045 |  |  | $ | - |  |  | $ | 12,045 |
Consolidated Statements of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,663 |  |  | $ | (720 | ) |  | $ | 14,943 |  |  | $ | 11,150 |  |  | $ | 859 |  |  | $ | 12,009 |
Investment (gains)/losses |  | $ | 581 |  |  | $ | 833 |  |  | $ | 1,414 |  |  | $ | - |  |  | $ | (1,087 | ) |  | $ | (1,087 | )
Deferred income taxes |  | $ | 267 |  |  | $ | (113 | ) |  | $ | 154 |  |  | $ | 512 |  |  | $ | 228 |  |  | $ | 740 |
Total adjustments |  | $ | (1,918 | ) |  | $ | 720 |  |  | $ | (1,198 | ) |  | $ | 344 |  |  | $ | (859 | ) |  | $ | (515 | )
Net cash provided by operating activities |  | $ | 13,745 |  |  | $ | - |  |  | $ | 13,745 |  |  | $ | 11,494 |  |  | $ | - |  |  | $ | 11,494 |
Consolidated Statements of Changes in Shareholders ' Equity (Total) |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,663 |  |  | $ | (720 | ) |  | $ | 14,943 |  |  | $ | 11,150 |  |  | $ | 859 |  |  | $ | 12,009 |
Change in unrealized gains on securities, net of taxes |  | $ | (623 | ) |  | $ | 720 |  |  | $ | 97 |  |  | $ | 895 |  |  | $ | (859 | ) |  | $ | 36 |
Cumulative effect of adoption of ASU 2016-01* |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Balance as of April 30 |  | $ | 53,539 |  |  | $ | - |  |  | $ | 53,539 |  |  | $ | 47,524 |  |  | $ | - |  |  | $ | 47,524 |

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